the rennie review - July 2023

vancouvereast TOWNHOME-JUNE 2023

SALES TO LISTINGSRATIO 45% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 3% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 2% VS 2022

▲ 2% VS 2022

▼ 11% VS 2022

▲ 23% VS 2022

Therewere85 townhom elistingsin VancouverEastin June,11% below M ayand 11% lowerthan June2022. Junetownhom esalesincreased by3% m onth-over-m onth,to38,and were23% aboveJune 2022. Thesales-to-listing ratio fortow nhom esin Vancouver East,at45% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$1,175,000,a 7% increasefrom M ayand 2% aboveJune2022. Theaveragesold pricewas$1,132,450,2% abovelast m onth;theaveragePSF salepricewas$887,up 3% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

38 85

31 95

37% 23% -11%

37 95

3% 2% 7% 15% 3% -11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$887 $1,132,450 $1,175,000 45%

$911 $1,161,011 $1,150,000 33%

$858 $1,109,637 $1,100,000 39%

-3% -2% 2%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

95

95

88

96

94

82

93

85

80

77

76

73

69

37

37

38

31

20

15

27

25

13

20

7

14

9

$1.15M $1.17M

$1.11M $1.10M $1.18M

$1.09M

$1.05M $1.05M $1.09M

$1.00M

$958K $950K

$899K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

30

7

100%+

4+ bdrms

10

25

20

64%

18

58%

3 bdrms

47

15

32%

10

12

2 bdrms

18%

26

5

0

1

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

2

S-L RATIO SALES INVENTORY

3 4 133%

11 7 64%

26 15 58%

31 10 32%

11 2 18%

3 0 n/a

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